La Perla assets transferred to La Perla Atelier S.r.l., controlled by investor Peter Kern
Posté le 2 oct. 2025
On October 1, the transfer of the assets of the La Perla Group to La Perla Atelier S.r.l., a company controlled by Mr. Peter Kern, was finalized. Kern had already been awarded the competitive sale procedure directed by La Perla Manufacturing S.r.l. in Extraordinary Administration, in agreement with the other companies of the La Perla Group (La Perla Global Management (UK) Limited and its Italian branch).
The cross-border MoU – the first signed between Italy and the United Kingdom after Brexit – enabled, instead of the atomistic sale of the Group’s assets held by various companies in Italy and abroad, their unitary transfer-license to a single entity. The sale procedure was conducted by La Perla Manufacturing S.r.l. in Extraordinary Administration. The winning bidder was announced in June 2025 by Adolfo Urso, Italy’s Minister of Enterprises and Made in Italy. It was Peter Kern, a leading industrial investor already active in the Italian market, who, through his vehicle Luxury Holding LLC, presented the best offer for the production plant, the brand, and all employees, along with an industrial plan aimed at restoring La Perla to a position of global leadership in its sector and increasing the workforce.
The closing of the transaction today marks an important result for the country, as it enables the rescue of a historic Made in Italy group while preserving full employment of the company’s workforce.
BonelliErede assisted the Extraordinary Commissioners of La Perla Manufacturing S.r.l. in Extraordinary Administration – lawyers Francesco Paolo Bello, Francesca Pace, and Gianluca Giorgi – in all phases of the transaction, from the conception and signing of the cross-border Memorandum of Understanding with the other group companies, to the definition and execution of the unitary competitive sale procedure of all La Perla Group assets, to the signing of the preliminary agreement for the transfer of La Perla Manufacturing S.r.l.’s business, and finally the signing of the definitive transfer agreement for the business, the La Perla trademarks license, and the loan agreement for the Group’s archives. BonelliErede’s team was composed of partners Alberto Saravalle, Marco Arato, and Gianpaolo Ciervo, and associate Vittoria Sollazzo, members of the Focus Team on Corporate Crises and Debt Restructuring. BonelliErede also assisted the Extraordinary Commissioners on certain English law aspects with partner Richard Samuel. The Commissioners were further supported by Drs. Giorgia Giusti and Gabriele Martena as labor consultants; Drs. Fabrizio Bianchimani, Stefania Barbalonga, and Vincenzo Falivelli of CB Partners for accounting and financial support activities; and Professor Daniela Saitta as an expert advisor in extraordinary administration.
The curators of La Perla Global Management (UK) Limited Italian Branch in judicial liquidation, Dr. Andrea Monari and Professor Luca Mandrioli, who supported every stage of the procedure from the outset, were assisted by Professor Massimo Fabiani.
The Joint Liquidators of La Perla Global Management (UK) Limited in liquidation in the United Kingdom, Andrew Watling and Duncan Beat of Quantuma Advisory Limited, were supported on Italian law matters by CBA Studio Legale e Tributario, with a team coordinated by partner Antonio Martini and associate Alessandro Botti, and on English law matters by Shoosmiths LLP, with a team led by partner Lee Sennett and supported by principal associate Harry Rose. For coordination activities with the other proceedings, including negotiations on the Memorandum of Understanding, and as a member of the related coordination committee, they were further supported by lawyer Andrea Angelo Terraneo, Senior Case Administrator at Quantuma and scholar in insolvency law at the University of Milano-Bicocca. Terraneo was also appointed as “Agent” of the Joint Liquidators for all discussions with the Italian professionals, the Bologna Court, and the Ministry of Enterprises and Made in Italy, and helped bridge differences between the applicable laws, facilitating understanding and cooperation among all professionals involved.
Peter Kern was assisted by Studio Legale Zoppini, represented by Professor Andrea Zoppini and lawyer Giulio Angeloni, as well as by Studio Trombone Dottori Commercialisti Associati, represented by Dr. Domenico Trombone, Dr. Luca Neri, Dr. Matteo Maestroni, and Dr. Alessandro Zoboli as financial advisors.
